MSCI (NYSE:MSCI) Reaches New 52-Week High at $444.04

MSCI Inc. (NYSE:MSCI) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $444.04 and last traded at $443.59, with a volume of 2746 shares changing hands. The stock had previously closed at $436.99.

Several equities analysts have commented on MSCI shares. Morgan Stanley upped their price objective on MSCI from $384.00 to $391.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. Atlantic Securities lowered shares of MSCI from an “overweight” rating to a “neutral” rating in a report on Thursday, November 26th. Barclays upped their target price on shares of MSCI from $360.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, December 17th. Finally, Oppenheimer started coverage on shares of MSCI in a research note on Monday, October 5th. They set an “outperform” rating and a $416.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $395.00.

The company has a market capitalization of $37.02 billion, a PE ratio of 66.75 and a beta of 0.90. The business’s 50-day simple moving average is $417.45 and its 200-day simple moving average is $373.71.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 27th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.37. The firm had revenue of $425.33 million for the quarter, compared to analyst estimates of $424.48 million. MSCI had a net margin of 34.28% and a negative return on equity of 226.94%. MSCI’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. On average, equities research analysts expect that MSCI Inc. will post 7.81 earnings per share for the current fiscal year.

In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction on Friday, December 4th. The shares were sold at an average price of $424.17, for a total value of $1,060,425.00. Following the completion of the transaction, the chief operating officer now owns 270,859 shares in the company, valued at $114,890,262.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott A. Crum sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $395.00, for a total transaction of $395,000.00. Following the completion of the transaction, the insider now owns 28,279 shares of the company’s stock, valued at approximately $11,170,205. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,500 shares of company stock valued at $3,276,950. Insiders own 2.94% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MSCI. Commonwealth Equity Services LLC lifted its position in shares of MSCI by 125.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,290 shares of the technology company’s stock worth $764,000 after purchasing an additional 1,276 shares during the last quarter. Blair William & Co. IL lifted its position in shares of MSCI by 32.8% during the 2nd quarter. Blair William & Co. IL now owns 1,366 shares of the technology company’s stock worth $456,000 after purchasing an additional 337 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of MSCI during the 2nd quarter worth $387,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of MSCI by 16.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 19,074 shares of the technology company’s stock worth $6,367,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of MSCI by 387.1% during the 2nd quarter. Horizon Investments LLC now owns 4,598 shares of the technology company’s stock worth $1,535,000 after purchasing an additional 3,654 shares during the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.

About MSCI (NYSE:MSCI)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, broker-dealer structured products, and asset allocation.

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